US: Arnold & Porter to merge with Kaye Scholer

Two major United States firms, Arnold & Porter and Kaye Scholer, have confirmed a tie-up, leading to the formation of a 164-partner dispute resolution team, spread across nine domestic and four international offices.

A new year always means new beginnings. January 2017 will have particular relevance for some, however, with the announcement that 700-lawyer Washington, DC-headquartered Arnold & Porter will merge with 375-lawyer New York-headquartered Kaye Scholer to become Arnold & Porter Kaye Scholer, a firm with combined revenue of around USD 1 billion.

In addition to the firm’s former headquarters, it will be resident in major US centres such as California, Chicago, Denver, Houston, West Palm Beach, as well as London, Brussels, Frankfurt and Shanghai – all key client markets.

The merged firm will be led by Richard Alexander, a white-collar regulatory lawyer who currently serves as Arnold & Porter’s chair, representing financial services companies in enforcement and investigative proceedings brought by federal and/or state agencies.

In a statement, Alexander said that the two firms will “stay true to [their] shared values” and “foster a consensus-based culture with an unyielding commitment to diversity and inclusiveness”.

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